Gumby
Active member
I just love the government massage of numbers
....makes me feel like a mushroom.....kept in the dark and fed bull$hi$.:nuts:.Now if they can just explain why everything keeps going up in price....must be an illusion
-
The Forum works well on MOBILE devices without an app: Just go to: https://forum.tsptalk.com
-
Please read our AutoTracker policy on the IFT deadline and remaining active. Thanks!
div>
$ - Premium Service Content (Info) | AutoTracker Monthly Winners | Is Gmail et al, Blocking Our emails?
Find us on: Facebook & X | Posting Copyrighted Material
Join the TSP Talk AutoTracker: How to Get Started | Login | Main AutoTracker Page
The Forum works well on MOBILE devices without an app: Just go to: https://forum.tsptalk.com ...
Or you can now use TapaTalk again!nnuut's Account Talk
- Thread starter nnuut
- Start date
I just love the government massage of numbers....makes me feel like a mushroom.....kept in the dark and fed bull$hi$.:nuts:.
Now if they can just explain why everything keeps going up in price....must be an illusion
Frixxxx
Moderator
I just love the government massage of numbers....makes me feel like a mushroom.....kept in the dark and fed bull$hi$.:nuts:.
Now if they can just explain why everything keeps going up in price....must be an illusion
Well, let's see if we boil everything down to the level of price and taxes and a White House administration on it's last leg, higher prices mean more taxes, more tax money, more for the deep, cavernous, echoing coffers. What debt? Wait til August!!! We'll vote for the guy who won't raise taxes, and the winner is------NOT THE AMERICAN PEOPLE!!!!!!
nnuut
Moderator | TSP Legend
Me thinks they speak with forked tounge?
COB Today 20% "S", 80% "I"
I know, I know, the Dollar is up, the FV might get me, the "I" is oversold, it's the last part of the month, but I have CARBUNCLES from sitting on the PAD!!View attachment 4071
nnuut
Moderator | TSP Legend
That would be a -FV
Inflation getting 'uglier and uglier'
Surging energy prices help drive annual cost-of-living rate rise to 4.2%.
By Aaron Smith, CNNMoney.com staff writer
Last Updated: June 13, 2008: 10:21 AM EDT
NEW YORK (CNNMoney.com) -- The cost of living rose in May as consumers were belted by energy costs, the government said Friday.
The Consumer Price Index, a key inflation reading, rose 4.2% through the 12 months ended in May, according to the Labor Department. This compared to an increase of 3.9% during the 12 months ended in April.
For the month of May, overall CPI rose 0.6%, compared to an increase of 0.2% in April. That's the biggest increase since last November, when the overall CPI surged 0.9%. A consensus of analysts interviewed by Briefing.com had projected an increase of 0.5% for May.
The dramatic increase in energy costs were largely responsible for the overall inflation. Energy costs rose 4.4% in May, and surged 17.4% over the 12 months ending in May, the Labor Department said.
"These (CPI) numbers are nowhere near to what we're seeing in the real world," said Peter Beutel, energy analyst for Cameron Hanover, who believed the "real" cost of living has increased at a higher rate than the index shows. "But even these diluted numbers are showing that inflation is getting uglier and uglier and uglier."
Beutel said this puts more pressure on the Federal Reserve to increase the federal funds rate, which he thinks could happen in August or September. The rate is currently at 2%.
"The higher that inflation is, the sooner the Fed has to raise rates to help keep a lid on prices," said Beutel.
The index for fuel oil rose 10.4% in May and soared 64% over the 12 months. The gasoline index rose 5.7% in May and surged 20.8% on a year-over-year basis. The index for natural gas rose 5.6% in May, and was up 16.5% over the last year.
Electricity costs also increased, but less dramatically, edging up 0.9% in May, and rising 5.8% over the last 12 months.
As a result, transportation costs increased 2% in May, and jumped 8.1% over the 12 months ending in May.
The index for household energy costs climbed 2.8% in May, its fourth consecutive jump, the Labor Department said.
The price of food also pushed up overall costs. Food costs increased 0.3% in May, and jumped 5.1% during the 12 months ending in May.The price of milk was a big influence on the overall price, increasing 10.2% over the 12 months, despite slipping 0.7% in May.
The cost of clothing was the one area where consumers got some relief. Apparel costs deflated 0.2% in May, and decreased 0.4% over the 12 months.
The core CPI, which excludes the cost of food and energy, rose 0.2% in May, compared to an increase of 0.1% in April. A consensus of analysts interviewed by Briefing.com had projected an increase of 0.2% for May.
The core CPI rose 2.3% during the 12 months ending in May.
http://money.cnn.com/2008/06/13/news/economy/CPI/index.htm?postversion=2008061310
nnuut
Moderator | TSP Legend
This is GOOD! I love surprises, don't you?
Goldman Sachs does it again
Wall Street powerhouse books $2.1 billion profit, topping forecasts and proving yet again that it is largely avoiding credit crunch pain. Stock gains on the news.
June 17, 2008: 8:42 AM EDT
NEW YORK (CNNMoney.com) -- Goldman Sachs reported a $2.1 billion quarterly profit on Tuesday, beating forecasts and showing once again that it has largely avoided the credit crunch that has hurt many of its Wall Street rivals.
The New York City-based investment bank said net earnings for its second quarter, which ended in May, came in at $4.58 per share. While that was lower than the profit of $2.29 billion, or $4.93 per share that Goldman reported a year ago, earnings still handily beat Wall Street's estimates of $3.42 per share.
Goldman also said revenue fell 7.5% to $9.42 billion during the quarter. But that also easily topped consensus forecasts of $8.74 billion.
Investors were encouraged by the news. Goldman Sachs (GS, Fortune 500) shares gained 2.7% in premarket trade.
Tuesday's results served as a bright spot in an otherwise dreary time on Wall Street. Yesterday, Lehman Brothers (MS, Fortune 500) confirmed its previously announced $2.8 billion second-quarter loss and top executives attempted to ease concerns that the firm was on the brink of a Bear Stearns-like collapse.
And Morgan Stanley (MS, Fortune 500) is expected to report Wednesday morning that its second-quarter profits plunged nearly 60% from a year ago.
http://money.cnn.com/2008/06/17/news/companies/goldman_sachs/index.htm?postversion=2008061708
nnuut
Moderator | TSP Legend
Looks like we might have a WASPIHW here?:laugh:
Gumby
Active member
Gumby
Active member
I don't think there will be a crash.....the C, S, & I indexes may post a small loss < 1% today. Hopefully, there will be a run up on Thursday and Friday. I may jump back to the Lilly pad on Friday. It is just way to volitile to trade in this market with limited IFT's. I am done with my BIG allotment of 2 stock IFT's for this month.
I think usually there is a rally the day before and a WHIPSAW on Wednesday, sense there was no rally the day before, do you suppose we might get one at the end of the day instead of a crash? I really don't know.
luv2read
Active member
This is GOOD! I love surprises, don't you?
Goldman Sachs does it again
Wall Street powerhouse books $2.1 billion profit, topping forecasts and proving yet again that it is largely avoiding credit crunch pain. Stock gains on the news.
What gets me is that their profits are still down 11%...they're just not as bad as what was predicted so the big news is they "topped forecasts.":nuts:
nnuut
Moderator | TSP Legend
Yeah that's really funny to me how they do that. We lost but not as much as expected so we are OK!!
nnuut
Moderator | TSP Legend
I really haven't figured out the market, but I think this is TRUE for sure (guys):View attachment 4087
THINGS THAT ARE DIFFICULT TO SAY WHEN DRUNK:
1. Innovative
2. Preliminary
3. Proliferation
4. Cinnamon
THINGS THAT ARE VERY DIFFICULT TO SAY WHEN DRUNK:
1. Specificity
2. Anti-constitutionalistically
3. Passive-aggressive disorder
4. Transubstantiate
THINGS THAT ARE DOWNRIGHT IMPOSSIBLE TO SAY WHEN DRUNK:
1. No thanks, I'm married.
2. Nope, no more booze for me!
3. Sorry, but you're not really my type.
4. Taco Bell? No thanks, I'm not hungry.
5. Good evening, officer. Isn't it lovely out tonight?
6. Oh, I couldn't! No one wants to hear me sing karaoke.
7. I'm not interested in fighting you.
8. Thank you, but I won't make any attempt to dance, I have no coordination. I'd hate to look like a fool!
9. Where is the nearest bathroom? I refuse to pee in this parking lot or on the side of the road.
10. I must be going home now, as I have to work in the morning.Similar threads
